Reliance Retail cancels restaurant plans

Mukesh Ambani-owned Reliance Retail has decided not to go ahead with its planned restaurant businesses.

The company had earlier picked up a 45 per cent equity stake in Two Sisters Foods India (TSFI), which belongs to 2 Sisters Food Group (2SFG), the third largest food company in the UK, which supplies poultry, red meat, fish and bakery and chilled/frozen products to the retail, food service and food manufacturing sectors.

Reliance Retail planned to set up quick service restaurants ‘Chicken came First’ and ‘Delight’. At one point it said it would expand the Delight network from over 100 to more than 1000.

However, Reliance Retail has now decided not to proceed and has exited the joint venture.

“Despite this sensitive balance of availability and convenience, it was felt that certain sections of customers were still hesitant to shop at our other stores. Reliance Retail has therefore decided to focus on vegetarian offerings only, within its retail portfolio,” said a company source.

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